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You have bad credit 7000 dollars for a used car can you get approved with low monthly payments?
Wiki User
∙ 17y ago
Someone may approve you but you will have an outrageous percentage rate and your payments will be high. Safe to say with bad credit you will have payments over 500.00/month for 7,000. Try to get some of the money together or begin to repair your credit or set you sights lower for a cheaper vehicle.
Wiki User
∙ 17y ago
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How hard is it to get approved for a 15 year mortgage?
In order to get a 15 year mortgage you need to have good credit. You must also be able to pay the larger monthly payments without any difficulty. Getting a approved for a 15 year mortgage is not difficult as long as you have good credit and can afford the payments.
Will bad credit affect getting a car loan?
Yes. You may not be able to obtain an auto loan. If you do get approved you will have a higher interest rate which will result in larger monthly payments.
What is it called when you pay off your credit cards monthly?
If you are referring to the monthly payments you make for a certain period in connection to a credit card loan, it is called monthly amortization.
How fast can your credit go up once you get approved for a car loan?
Your credit does not go up when you are approved for a car loan. Your credit goes up when you make the payments on time. Get a years worth of on-time payments undr your belt, and your credit will go up.
What is the monthly interest payment on 10 thousand dollars borrowed against a credit card with 19.9 percent APR?
Your monthly payment, assuming you have quoted the interest rate correctly, should be $165.83 if you pay this off in one year (12 monthly payments)
Types of credit?
There are four basic types of credit. Service credit is monthly payments for utilities, loans let you borrow cash, installment credit, and credit cards.
What are credit line payments?
Credit Line payments are payments that you make monthly on a line of credit that you have with your local bank. Many line of credits are based on the equity in your home, but they usually charge much lower rates than a traditional bank loan.
How can one lower credit cards monthly payments?
The best way to lower one's monthly credit card payments is calling the card issuer and explaining why one wishes to lower the rate. Depending on the creditor they may extend the due date.
Why if I am paying monthly payments on medical bills are they on my credit report?
If the bills were overdue and you are making payments as the result of being 'dunned,' and the bills are not yet paid in full, it will reflect on your credit report.
Where do you mail your DISCOVER credit card payment?
There should be an address to mail payments to - on the reverse of your monthly statement.
Is opening up a bank account a good way of establishing credit?
Simply opening a bank account won't improve your credit, however if you take out a loan, and make payments on time, or if you have a credit card with them and make monthly payments on time that will help build your credit.
What is Bad Credit Remortgage?
Bad credit remortgages can be used to stop monthly payments of a high interest or inflexible mortgage, which is a sweet deal for any adverse credit holder.
